Desertification

Algeria postpones visit of Spanish FM to protest Spain’s support for Morocco

Algerian foreign ministry unilaterally postponed a planned visit by Spanish foreign minister Arancha Gonzalez in what appears as a reaction to Spain’s support for the Moroccan position on the Sahara issue. Spain has recently taken stands that Morocco welcomed and has abstained from expressing support to the referendum option for the area, which the UN […]

Egypt Could Secure $10 bln from IMF – Central Bank

Egypt could secure up to $10 billion from the International Monetary Fund (IMF) by agreeing to a structural reform program, the central Bank said on Monday. The announcement follows an earlier comment by a cabinet minister on Monday that Egypt had last week started negotiations with the IMF for a $5 billion loan. Since the […]

Senegalese Makhtar Diop appointed head of the International Finance Corporation

Makhtar Diop, former World Bank Vice President for Africa, has just been appointed head of the IFC, the International Finance Corporation, the private investment arm of the World Bank.   Makhtar Diop, the first African to occupy this strategic position, is a seasoned economist with a passion for sustainable development. “Makhtar Diop has deep development […]